Michelle Tandler tackles budgeting strategies tailored for high earners, focusing on understanding and managing lifestyle inflation. She introduces the "pay yourself first" strategy and explains the 50/30/20 rule for automating savings and investments. The episode provides practical tips for effective budgeting and controlling lifestyle inflation. Michelle wraps up by guiding listeners on how to craft a personalized budget and offers a sneak peek into the next episode.
(0:00) Introduction to budgeting for high earners
(1:09) Understanding lifestyle inflation and pay yourself first strategy
(2:10) Automating savings and investments with the 50/30/20 rule
(3:38) Tips for managing lifestyle inflation and budgeting effectively
(5:27) Crafting a personalized budget and teaser for next episode